First Financial Bankshares Inc Invests $21.04 Million in Camden Property Trust (NYSE:CPT)

First Financial Bankshares Inc acquired a new position in shares of Camden Property Trust (NYSE:CPT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 211,915 shares of the real estate investment trust’s stock, valued at approximately $21,041,000. First Financial Bankshares Inc owned approximately 0.20% of Camden Property Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CPT. Norges Bank purchased a new stake in shares of Camden Property Trust during the fourth quarter worth $376,933,000. Centersquare Investment Management LLC raised its holdings in shares of Camden Property Trust by 2,517.6% during the fourth quarter. Centersquare Investment Management LLC now owns 1,398,343 shares of the real estate investment trust’s stock worth $138,841,000 after acquiring an additional 1,344,923 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Camden Property Trust by 41.6% during the third quarter. JPMorgan Chase & Co. now owns 4,044,988 shares of the real estate investment trust’s stock worth $382,575,000 after acquiring an additional 1,187,974 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Camden Property Trust by 111.4% during the fourth quarter. BNP Paribas Financial Markets now owns 573,956 shares of the real estate investment trust’s stock worth $56,988,000 after acquiring an additional 302,439 shares in the last quarter. Finally, Eminence Capital LP bought a new position in Camden Property Trust during the fourth quarter valued at about $18,737,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CPT. StockNews.com upgraded Camden Property Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley raised their target price on Camden Property Trust from $98.00 to $105.50 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Mizuho cut their target price on Camden Property Trust from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Wedbush raised their target price on Camden Property Trust from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, Scotiabank raised their target price on Camden Property Trust from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $108.03.

Camden Property Trust Stock Performance

CPT stock traded down $0.23 during trading on Tuesday, reaching $107.30. 238,906 shares of the stock were exchanged, compared to its average volume of 1,045,964. Camden Property Trust has a twelve month low of $82.81 and a twelve month high of $114.04. The company has a market capitalization of $11.43 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 4.18 and a beta of 0.86. The stock has a 50 day simple moving average of $102.00 and a 200-day simple moving average of $98.37. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.71.

Camden Property Trust Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,634 apartment homes across the United States.